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Property Tax implications during separation

  • RGFox
  • RGFox's Avatar Posted by
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  • New Member
15 Sep 21 #517721 by RGFox
Topic started by RGFox
Couple are in the process of separating (legal paperwork submitted and process in progress; but not complete) and Separation Agreement agreed with regards to main house as follows...
  1. wife wishes to sell her 50% stake of the house to husband and complete a via transfer of deeds
  2. husband will give wife 50% stake of the house value in cash
  3. husband owns another property (but not primary residence, rented) and wife is not named on the deeds of that property
Q1 - Would she be liable for any stamp duty land tax (additional 3% premium) when buying another house with her cash?

Q2 - Would the husband be liable for stamp duty land tax (standard stamp duty and/or additional 3% premium) as part of the transfer of deeds for the 50%?

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